Sounds about right until you read the details.
Portugal had a deficit of 9.4 percent of gross domestic product in 2009, more than three times the European Union limit of 3 percent, and the government has pledged to narrow its deficit to 8.3 percent this year and 2.8 percent in 2013.
Moody's is running late as usually but the Greece roadshow is about to possible begin in Portugal.
Debt woes overseas continue to drive dollar gains
Of course, the stupid bitch on CNBC was telling me the other day that Greece was saved and that Europe was fine. Now the stupid ho is on TV telling me Greece might default.